HUD and Census Bureau: New Residential Sales Report for July 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for July 2018: New Home Sales Sales of new single-family houses in July 2018 were at a seasonally adjusted annual rate of 627,000. This is 1.7 percent (±14.7 percent)* below the revised June…
FHFA: U.S. House Prices Rise 1.1 Percent in Second Quarter 2018
U.S. house prices rose 1.1 percent in the second quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.5 percent from the second quarter of 2017 to the second quarter of 2018. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. The…
HUD: Following Court Ruling, Department Moving Forward on Amending Affirmatively Furthering Fair Housing Regulations
In the wake of a federal court decision upholding the U.S. Department of Housing and Urban Development’s approach to rulemaking, HUD Secretary Ben Carson today announced that HUD intends to move forward in amending its 2015 Affirmatively Furthering Fair Housing (AFFH) regulations. Last week, Chief Judge Beryl A. Howell, of the U.S. District Court for…
FHFA: Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages. In the last…
HUD: Department Launches New Campaign to Boost Landlord Acceptance of Housing Vouchers
New task force aimed at boosting landlord participation in Housing Choice Voucher Program WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program. HUD’s HCV Program is the nation’s…
HUD: Department Files Housing Discrimination Complaint Against Facebook
Secretary-initiated complaint alleges platform allows advertisers to discriminate WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today a formal complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. HUD claims Facebook enables advertisers to control…
HUD and Census Bureau: Residential Construction Activity Report for July 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for July 2018. Building Permits: Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent (±1.3 percent) above the revised…
HUD: FHA Announces Updated Policy to Assist Homeowners Affected by 2017 Natural Disasters in Puerto Rico and the U.S. Virgin Islands
FHA appeals to struggling borrowers to contact their mortgage servicers immediately WASHINGTON – To help struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Irma and Maria, the Federal Housing Administration (FHA) today announced it is updating its menu of foreclosure prevention options to allow borrowers with delinquent FHA-insured mortgages easier…
HUD: Department Seeks to Streamline and Enhance “Affirmatively Furthering Fair Housing” Rule
Notice solicits public’s comments on ways to improve fair housing choice WASHINGTON – The U.S. Housing and Urban Development (HUD) today published a notice inviting public comment on amendments to its Affirmatively Furthering Fair Housing (AFFH) regulations. HUD’s goal in pursuing new rulemaking is to offer more helpful guidance to states and local communities to…
HUD: $1.5 Billion Disaster Recovery Plan Approved for Puerto Rico
Action plan focuses on housing, infrastructure and economic development WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced HUD has approved a $1.5 billion disaster recovery plan to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. Puerto Rico recently submitted the plan for HUD’s review…